O level Business Studies: Primary sector in the world

O level Business Studies: Primary sector in the world

Most underdeveloped countries in the world have most of their businesses in the primary sector as they do not have the capital or money to start production and the people of the countries cannot afford services. Countries like Pakistan are mainly dependent on agriculture as their main source of income but we cannot deny the fact that there are other sectors also existing in these countries.

Not all developing countries in the world have most of their businesses in the primary sector. The most pertinent example would be Kingdom of Saudi Arabia which is in the business of extracting oil.